# A look at the demand side, even while harvest continues - Agweek | #1 source for agriculture news, farming, markets

> Iran issued a surprise tender to buy 3 million metric tons of wheat, its first wheat import in a couple of years, lifting prices midweek. Canada-China geopolitical tension has left canola trade minimal for several months, and demand for vegetable oils for export and biodiesel remains uncertain.

- Date: 2019-10-27 · published 2019-10-27T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/56671-a-look-at-the-demand-side-even-while-harvest-continues-agweek-1-source-for
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

A large unexpected import tender lifts wheat demand, while the canola trade freeze keeps vegetable oil export demand weak and uncertain.

## Read by commodity

- WHEAT: bullish ▲
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-12-15 | [Strong export demand boosts wheat, corn performance - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/9994-strong-export-demand-boosts-wheat-corn-performance-agweek-1-source-for.md) | +2.0% | +3.1% |
| WHEAT | 2019-11-17 | [Markets follow 'buy the rumor, sell the fact' rule - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/11889-markets-follow-buy-the-rumor-sell-the-fact-rule-agweek-1-source-for-agriculture.md) | +3.8% | +3.1% |
| WHEAT | 2019-01-20 | [Even slightly bullish news gives markets some movement - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/12388-even-slightly-bullish-news-gives-markets-some-movement-agweek-1-source-for.md) | +3.3% | +2.1% |
| WHEAT | 2017-05-21 | [Political turmoil affects markets - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10224-political-turmoil-affects-markets-agweek-1-source-for-agriculture-news-farming.md) | +2.9% | +2.4% |
| WHEAT | 2019-03-24 | [Grains trending off lows; China talks dragging on - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/9647-grains-trending-off-lows-china-talks-dragging-on-agweek-1-source-for.md) | +0.9% | -3.3% |

## Sources

- agweek.com: https://www.agweek.com/opinion/a-look-at-the-demand-side-even-while-harvest-continues

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.